Developing countries and geographic indicators

Pineapple processing at Dong Giao Foodstuff Export JSC in the northern province of Ninh Binh. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries. — VNA/VNS Photo Thuy Dung Due to their similar geographical features and advantages, the Viet Nam and the Netherlands have increased their sustainable development partnership in agriculture, water management, and climate change adaptation, said Ambassador of the Netherlands to Viet Nam Kees van Baar. Agriculture plays a pivotal role in the economies of Viet Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Dau tu (Vietnam Investment Review). Close co-operation between the two sides has resulted in new visions and the blooming of business cooperation, with a growing number of the Netherlands' companies doing business and investing in Viet Nam. The Netherlands is the … [Read more...] about Viet Nam, Netherlands eye further cooperation in sustainable development

Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimized many advantages of the E.U. - Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice production. Therefore, to boost farm exports to the E.U., the sector is advised to pay more attention to green growth indicators through making policies and roadmaps to reduce greenhouse gas and methane emissions in accordance with international … [Read more...] about Vietnam develops green agriculture to increase exports to E.U.

The real estate sector was at second position in FDI attraction in Vietnam last year. (Photo: baodautu.vn) Hanoi (VNA) – Vietnam’s real estate sector last year attracted an additional 1.85 billion USD in foreign direct investment (FDI), retaining its second place among industries drawing FDI with combined investment of 4.45 billion USD, accounting for 16.1% of the total FDI poured into the country, according to the Ministry of Construction. real estate enterprises, helping to promote the sustainable growth of the market in the long term. Phu My Hung Urban Area in Ho Chi Minh City. (Photo: VNA) According to the General Statistics Office, from the beginning of this year to January 20, 2023, the total registered FDI capital in Vietnam reached 1.69 billion USD. VNA … [Read more...] about FDI hoped to help realty market develop sustainably in long term

Rikkeisoft's leaders announced the establishment of RKTech in the US and appointed Bui Hoang Tung as their Senior Executive Vice President of Rikkeisoft Corp. and CEO of RKTech Corp. — Photo courtesy of the firm Rikkeisoft on Tuesday officially announced the establishment of its subsidiary company - RKTech in the US, acting as a bridge coping with timezone and communication challenges between US businesses and Viet Nam-based production teams. Located in Plano, Texas - a technology hub in the US, RKTech could help US companies easily access Southeast Asian IT services as an alternative to ones from other outsourcing countries such as India and Argentina. RKTech will develop and deliver high-value IT services to the US market. This is also an opportunity for the corporation to access global cooperation, helping them achieve their goal of becoming a billion-dollar company in the next five years. RKTech also appointed Bui Hoang Tung as their Senior Executive Vice President of … [Read more...] about Rikkeisoft enters the US market to realise the “Go Global” strategy

The jump indicates the expansion of the scope of influence of the university's online resources and website not only in Vietnam and the world's academic community but in society. Vietnam National University-Hanoi (VNU-Hanoi) ranked 661st in the latest Webometrics Ranking of World Universities in 2023, jumping 97 places from the previous list released in August 2022. With the new position, the VNU-Hanoi stood 137th in Asia and 11th in Southeast Asia, according to the rankings freshly issued by the Cybermetrics Lab, a member of the Spanish National Research Council. The VNU-Hanoi ranks 11th in Southeast Asia in the latest Webometrics Ranking of World Universities. Screenshot: Anh Kiet/ The Hanoi Times (Source: webometrics.info) To the VNU-Hanoi, the jump from the 758th position in the January rankings to the 661st  indicates the broadening scope of influence of its online resources and website not only in the academic community of Vietnam and the world but … [Read more...] about Hanoi’s university leaps 97 places in Webometrics global rankings

By 2025, the Ministry of Information and Communications expected Vietnam to have 80,000 digital tech firms, meeting at least 50% of digital tech and services from state agencies. Vietnam aims for the digital technology industry to lead the implementation of Industry 4.0 in the country, with revenue growth 2.5 times higher than the overall GDP expansion rate. ICT to help Vietnam realize the digitalization process. File photo The target was revealed in the Ministry of Information and Communications (MIC)’s directive for information and communication technology (ICT) development in 2023 and the 2024-2025 period. "Digital technology focused on design, creation, and manufacturing in Vietnam is the main industrial sector driving the nation's industrialization and modernization, contributing to greater digitalization capability and shaping a digital country," the MIC stated. Under the plan, the ministry expected revenue from the ICT sector would hit US$165 … [Read more...] about Digital technology to spearhead Vietnam’s drive for Industry 4.0

Vietnam's real estate market continues to show strong appeal to foreign investors despite global economic difficulties. The foreign direct investment (FDI) into Vietnam’s real estate market in 2022 rose by over 70% yearly to US$4.45 billion, focusing on industrial and large-scale commercial projects, according to the Ministry of Construction (MoC). Real estate projects in Hanoi. File photo The MIC’s report suggested that real estate stands second among sectors with the highest FDI attraction in 2022, which showcases “the strong appeal of the market to foreign investors amid a difficult global economic environment.” Neil MacGregor, Managing Director of Savills Vietnam, echoed this view by saying foreign investors remain attracted to Vietnam, especially in production, retail, logistics, and real estate. He expected the attention from foreign investors would help the local real estate accelerate the recovery process this year. Regarding this sentiment, HSBC … [Read more...] about FDI to Vietnam’s real estate rises by over 70% in 2022

ChatGPT and AI is set to boom in Vietnam In the early days of 2023, ChatGPT released by OpenAI is becoming popular all over the world. ChatGPT is a chatbot providing solutions to complex problems directly like composing essays, coding, and drafting business proposals. Within a few seconds after entering keywords, ChatGPT will provide text, images, audio, and other entertainment media in excellent quality. Just a few weeks after launching, this “super AI” has reached over 10 million users and has rapid growth. This success helps OpenAI negotiate an investment agreement worth $30 billion, more than double its valuation in 2021. After investing $1 billion in ChatGPT in 2019, Microsoft is planning to invest another $10 billion in exchange for 49 per cent of OpenAI's stake. This tech giant is considering integrating ChatGPT into Word, Powerpoint, Outlook, and even the Bing search engine to compete for market share with Google Search. Eric Boyd, CVP of AI Platform at Microsoft, … [Read more...] about ChatGPT and AI booms in Vietnam

Nen spoke highly of the diplomat’s performance, which he said has greatly helped enhance the friendship, solidarity, and cooperation between the two countries, including between Ho Chi Minh City and Cambodian localities, the Sai Gon Giai phong daily reported. He said he believes in new positions, Sok Dareth will continue dedicating to bilateral connections. Authorities at all levels of Vietnam and Cambodia should act more effectively to implement the guidelines and policies issued by high-ranking leaders so as to lift the two countries’ relations to a new height, the host official noted, affirming that Ho Chi Minh City is ready to do its utmost to develop bilateral ties more strongly. For his part, Sok Dareth thanked the Vietnamese Party and State, as well as authorities and people of Ho Chi Minh City for their support to his office and himself to fulfill duties. He congratulated the Southern metropolis on its achievements and applauded the local administration’s provision of … [Read more...] about Ho Chi Minh City leader highly values contribution by Cambodian Consul General

Party General Secretary Nguyen Phu Trong addresses the closing ceremony of the sixth session of the 13th Party Central Committee. (Photo: VNA) Pretoria (VNA) – General Secretary of the South African Communist Party (SACP) Solly Mapaila has expressed his impression at the achievements that Vietnam has gained under the leadership of the Communist Party of Vietnam (CPV). Talking to Vietnam News Agency (VNA) in Pretoria, Mapaila highlighted that Vietnam won the victory in the struggle for independence, putting an end to all forms of exploitation as well as hunger and poverty, and building a country of happiness and development. Vietnam has affirmed its position in the world arena, he noted, adding that at many major international forums such as the United Nations, Vietnam has gained an important position and expanded cooperation at the government level with many countries, while showing its role and progressive standpoints in international relations. Regarding the relationship … [Read more...] about South African party leader impressed by Vietnam’s achievements